How to avoid double taxation
FOR MANY foreign residents, moving to Portugal means moving into a new tax system. With careful planning, expatriates can reduce, or even eliminate liability to income and capital gains taxes
Banking sector “fails to invest in change”
PORTUGUESE PRESIDENT, Jorge Sampaio, has blasted the banking sector for failing to invest in new innovative businesses and venture capital projects. In his speech ‘Innovation as a key to modernising
State losing millions through tax evasion
THE PORTUGUESE State is losing millions of euros every year because of fiscal fraud and tax evasion, according to the Ministry of Finance. The non-payment of taxes represents between four
A new EU agenda
FOR THOSE of us who believe the EU should do less, and do it better, the results of the referenda in France and the Netherlands were simply splendid. The people
Savings Tax Directive starts today
THE EU’S revolutionary Savings Tax Directive begins today, July 1, and will change the way expatriates handle their financial affairs. All EU Member States, plus dependent territories and key third
Double Taxation Treaties
INCOME FROM abroad is entitled to a tax credit for tax paid internationally, up to the amount owed under IRS regulations.Income is then taxed at Portuguese rates. Portugal has signed
The foundation stone
THERE IS no point attempting UK inheritance tax planning without first having a Will in place. A Will should be one of the most important tax planning tools for any
Rattle the bureaucrats’ cages and watch the Euro drop out!
I LOVE it when real people get in the way of politicians’ plans. Unless you have been on a very long vacation or involved in a pilot series of ‘Big
A new era for offshore banking
THE TIMES, they are a-changing and offshore banks and their clients are bearing the brunt of many of these changes. One of the first things many Britons do on moving
South Africa’s economic growth
PORTUGUESE BUSINESS should be ready to invest in South Africa now that its economy is booming and its political climate is stable, argued South African Deputy Trade and Industry Minister,